All Forum Posts by: Valerie King

@Wayne Brooks Thank you Wayne! I'll make sure I call/stop in today and warn them I'm coming tomorrow then so I'll be prepared with any documentation they may need me to bring. :)

@Thomas S. Thank you very much!

Awesome! Thanks for the resource @Brad Russo. The last thing I need is to be sued over discrimination.

Great points. Thank you @Marcia Maynard :)

Thanks @Account Closed!

I'm still around, I'd say, two years off from making my first investment (working on getting a nice cushion of savings first). I'm planning to house hack a duplex that is financed by an FHA loan. Since I'd like to adapt my lifestyle earlier rather than later to best prepare myself for the investment, I'm planning to see how much I can get pre-approved for now. That way, I'll have a sense of where I stand and, if there are any factors I can fix to increase that amount two years down the line, I can start fixing them now.

That said, I'm planning to go to my bank (Fifth Third) tomorrow and talk to a rep to see how much I can get pre-approved for, even though I won't be moving forward with taking out a loan.

Any suggestions about how I present the situation (can I tell it like it is, or is it best I act as if I'm actually planning to buy now?), what questions I should ask, etc.?

If I use my current bank, will I be charged for going through this process?

@Tim Puffer Thank you!

Thanks @Christopher Giannino!

How does being a landlord living in the same duplex with your tenant differ from being a landlord that doesn't share a property with a tenant? Any tips/strategies (hoping to do the duplex thing with an FHA loan)

Planning for my first investment to be an FHA-financed duplex. How much money shoukd I have saved before I actually start making moves?